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Three Phase Portable Conventional Gensets Market Size

Report ID: GMI9969
Published Date: Jun 2024
Report Format: PDF

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Three Phase Portable Conventional Gensets Market Size

Three Phase Portable Conventional Gensets Market was valued at USD 3.2 billion in 2023 and is set to grow at a CAGR of 3.9% from 2024 to 2032. Aging grid infrastructure in line with increasing frequency of power outages will augment the industry landscape. Burgeoning advancements in portable gensets along with surging demand for user-friendly and efficient systems will foster the business potential.

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A three-phase portable conventional genset is a type of generator set that provides three-phase electrical power, which is often required for heavy-duty industrial and commercial applications. Growing technological advancements comprising of improved fuel efficiency, remote control operation, and electric start are the key factors, which in turn will proliferate the business scenario. Favorable policies comprising of rebates and tax credits for the deployment of portable conventional generators in line with escalating demand for efficient and reliable power systems with low emissions will drive the industry outlook.

Three Phase Portable Conventional Gensets Market Report Attributes
Report Attribute	Details
Base Year:	2023
Three Phase Portable Conventional Gensets Market Size in 2023:	USD 3.2 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	3.9%
2032 Value Projection:	USD 4.5 Billion
Historical Data for:	2021 - 2023
No. of Pages:	125
Tables, Charts & Figures:	40
Segments covered:	Fuel & Power Rating, End Use & Region
Growth Drivers:	Increasing frequency of weather-related disasters Aging grid infrastructure & increasing demand for uninterrupted power supply Growing consumer interest toward recreational activities
Pitfalls & Challenges:	Increasing manufacturing costs

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Authors: Ankit Gupta, Saurabh Singh

Frequently Asked Questions (FAQ) :

The market size of three phase portable conventional gensets was worth USD 3.2 billion in 2023 and is projected to expand at 3.9% CAGR from 2024 to 2032, led by the aging grid infrastructure in line with increasing frequency of power outages.

The gasoline fuel segment in the three phase portable conventional gensets industry is projected to exceed USD 4 billion by 2032, owing to the adoption of efficient unit systems coupled with increasing investment by the key public and private industry players in reliable portable units.

The residential end-use segment in the three phase portable conventional gensets industry is estimated to record over 3.5% CAGR between 2024 and 2032, due to the rapid development and expansion of residential properties.

Asia Pacific three phase portable conventional gensets industry is poised to record more than USD 1.5 billion by 2032, on account of rising number of power outages owing to aging infrastructure, severe weather conditions, and heightened demand on the power grid in the region.